Generation Income Properties, Inc. (NASDAQ:GIPR) Short Interest Down 89.8% in October

Generation Income Properties, Inc. (NASDAQ:GIPR) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,400 shares, a drop of 89.8% from the October 15th total of 13,700 shares. Based on an average daily volume of 28,600 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Generation Income Properties

A hedge fund recently bought a new stake in Generation Income Properties stock. Renaissance Technologies LLC bought a new position in Generation Income Properties, Inc. (NASDAQ:GIPR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned about 0.53% of Generation Income Properties as of its most recent SEC filing. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Generation Income Properties Trading Down 4.5 %

GIPR stock traded down $0.09 during mid-day trading on Tuesday, reaching $1.90. The company had a trading volume of 33,769 shares, compared to its average volume of 30,562. The company has a market capitalization of $10.30 million, a PE ratio of -0.75 and a beta of -0.11. The firm has a 50 day moving average of $2.09 and a 200 day moving average of $3.04. Generation Income Properties has a 12 month low of $1.90 and a 12 month high of $4.64. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.52 and a quick ratio of 1.52.

Generation Income Properties (NASDAQ:GIPR) last posted its quarterly earnings results on Thursday, August 15th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.06. The business had revenue of $2.26 million during the quarter. Generation Income Properties had a negative net margin of 89.09% and a negative return on equity of 106.37%.

About Generation Income Properties

Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.